EUR/USD may fall 11 - 26 pips

Pivot

1.0995

Our preference

Short positions below 1.0995 with targets at 1.0965 & 1.0950 in extension.

Alternative scenario

Above 1.0995 look for further upside with 1.1015 & 1.1035 as targets.

Comment

As long as 1.0995 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

1.1035

1.1015

1.0995

1.0976 Last

1.0965

1.0950

1.0930

Number of asterisks represents the strength of support and resistance levels.